Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
National Defense
B
Private Security Services
C
Restaurant Meals
D
Luxury Cars
Understanding the Answer
Let's break down why this is correct
Answer
A public good is something that everyone can use, and one person's use doesn't stop someone else from using it too. An example of a public good that the government typically provides is national defense. When the government protects the country from threats, everyone benefits from this safety, whether they pay taxes or not. Because private companies might not find it profitable to provide defense, the government steps in to ensure that everyone can be safe without anyone being excluded. This shows how government involvement can help avoid market failures, where private markets might not supply essential services.
Detailed Explanation
National defense is a public good. Other options are incorrect because Some might think private security helps everyone like national defense; People might confuse restaurant meals as a public good.
Key Concepts
public goods
Topic
Market Failures and Government Role
Difficulty
easy level question
Cognitive Level
understand
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